A Truck Costs $35,000 with a Residual Value of $2,000

question 5

Multiple Choice

A truck costs $35,000 with a residual value of $2,000. Its service life is five years. Using the declining-balance method at twice the straight-line rate, the book value at the end of year 2 is:

• A)$35,000
• B)$22,000
• C)$12,600
• D)$33,000
• E)None of these

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Definitions:

Social Readjustment Rating Scale

A scale that measures stress levels based on life events and changes, helping to predict risk for stress-related health problems.

Coping Mechanism

Strategies or techniques that individuals use to manage stress, adversity, or trauma.

Aggression

Behavior intended to harm or intimidate another individual, whether through physical force, verbal assault, or psychological manipulation.

Displacement

A defense mechanism where the mind substitutes either a new aim or a new object for goals felt in their original form to be dangerous or unacceptable.